Gujarat Calls for Bids on 500 MW Wind-Solar Hybrid Projects

24 Feb 2024 CW Team

Following the recent awarding of contracts for Phase I projects to KPI Green Energy and Juniper Green Energy, GUVNL is moving swiftly to advance its renewable energy agenda. Interested parties have until March 13, 2024, to submit their bids, with bid openings scheduled for the following day.

Prospective bidders must adhere to stringent financial requirements, including a bid processing fee of ₹1.5 million ($18,083.07) and an earnest money deposit of ₹928,000 ($11,146)/MW of quoted capacity. Additionally, successful bidders will be required to furnish a performance bank guarantee equivalent to ₹2.32 million (~$27,866)/MW of allocated capacity before signing the power purchase agreement (PPA).

Eligibility criteria encompass various project statuses, including those under construction, not yet operational, or lacking a long-term PPA. However, projects must not have existing obligations under other state or central programs and should mitigate technology risks by employing established and operational technologies.

Bidders from countries sharing a border with India are eligible to participate, provided they are registered with the competent authority. Furthermore, financial stability is a prerequisite, with the bidder's net worth required to meet or exceed specified thresholds based on the project's solar PV and wind power components.

To ensure adherence to quality standards, only certified wind turbine models listed by the Ministry of New and Renewable Energy (MNRE) and solar modules approved by the MNRE will be permitted for use in the projects.

Successful bidders must finalize a PPA with GUVNL within 30 days of receiving the letter of intent or within 10 days of tariff adoption by the Gujarat Electricity Regulatory Commission, whichever is later.

With its latest tender, Gujarat reaffirms its commitment to renewable energy expansion, positioning itself as a frontrunner in India's transition towards sustainable power generation.

GUVNL's emphasis on technology reliability and financial stability underscores its dedication to facilitating the growth of renewable energy infrastructure, contributing to both environmental sustainability and energy security in the region.

The Gujarat Urja Vikas Nigam Limited (GUVNL) has launched Phase II of its ambitious renewable energy initiative, inviting bids for the procurement of power from 500 MW grid-connected wind-solar hybrid projects. This phase also includes the provision for expanding the capacity by an additional 500 MW through the greenshoe option, a move aimed at further bolstering Gujarat's renewable energy portfolio.Following the recent awarding of contracts for Phase I projects to KPI Green Energy and Juniper Green Energy, GUVNL is moving swiftly to advance its renewable energy agenda. Interested parties have until March 13, 2024, to submit their bids, with bid openings scheduled for the following day.Prospective bidders must adhere to stringent financial requirements, including a bid processing fee of ₹1.5 million ($18,083.07) and an earnest money deposit of ₹928,000 ($11,146)/MW of quoted capacity. Additionally, successful bidders will be required to furnish a performance bank guarantee equivalent to ₹2.32 million (~$27,866)/MW of allocated capacity before signing the power purchase agreement (PPA).Eligibility criteria encompass various project statuses, including those under construction, not yet operational, or lacking a long-term PPA. However, projects must not have existing obligations under other state or central programs and should mitigate technology risks by employing established and operational technologies.Bidders from countries sharing a border with India are eligible to participate, provided they are registered with the competent authority. Furthermore, financial stability is a prerequisite, with the bidder's net worth required to meet or exceed specified thresholds based on the project's solar PV and wind power components.To ensure adherence to quality standards, only certified wind turbine models listed by the Ministry of New and Renewable Energy (MNRE) and solar modules approved by the MNRE will be permitted for use in the projects.Successful bidders must finalize a PPA with GUVNL within 30 days of receiving the letter of intent or within 10 days of tariff adoption by the Gujarat Electricity Regulatory Commission, whichever is later.With its latest tender, Gujarat reaffirms its commitment to renewable energy expansion, positioning itself as a frontrunner in India's transition towards sustainable power generation.GUVNL's emphasis on technology reliability and financial stability underscores its dedication to facilitating the growth of renewable energy infrastructure, contributing to both environmental sustainability and energy security in the region.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..